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Topic: What would be your recommendations when trading crypto? - page 2. (Read 6588 times)

legendary
Activity: 1652
Merit: 1000
i recommend that trade in bitcoin because recently bitcoin is the most powerful currency and bitcoin price recently is very good to buy bitcoin and i am sure bitcoin will double up its value in coming few years .
altcoins also still profitable if you were found the exact altcoins to trade because several days ago after ZEC coin was lauching on exchange i did trade for this coin and very profitable because the price rise up with pretty fast so in my opinion even though since bitcoin rise up and altcoins have down trend but if you could found the exact time to trade another coin you will still got profit
legendary
Activity: 1302
Merit: 1037
If You want to Maximize Your Profit In Trading Then Follow the Below Steps:-
1) Firstly Choose a Reputable And Legit Trading Site Like Yobit.net Or Poloniex.com
2) Then Choose Some Reputable Coins and Then Check the Supply and Demand and Past Price Fluctuations Of the Coins You Choose.....
3) Then Just Invest Your Money in Them and Wait For Sometime and You Will Get Profits.....
Also I Suggest You that Don't Invest More tham If You Can't Afford To Lose.....
Your second step is the biggest challenge for any trader. Unfortunately the reputed altcoins are not giving rooms to better trading with its fluctuations. Yes, reputed coins are stable with its price levels.

But, as per your third step if a trader will be ready to wait for longer duration, then trading with established coins must be the right choice as those coins will give definite profits to the long term holders.
hero member
Activity: 2282
Merit: 505
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
actually to make trading in crypto is a risky work because most of the people usually get losses on crypto trading .
but i will suggest for only bitcoin trading .
as we know the price at different exchange are different so we can transfer our btc into and doller into btc to get profit from one exchange to another .
( be careful use this stretgy when btc rate are at high difference between the two exchange )

The method you are pertaining must be the " Arbitrade Method" wherein you will buy low in the other site then you will sell it in another site where the price is high.

But it is risky because not all trading sites are legit. So if you are going to use that method. Make sure the sites you are trading is a legit one to prevent loosing from trading crypto.
No, it's so bad, and will not giving a different gap in the price. and if that's really good idead and why a lot of people are not doing that rather than just using any exchange for trade their bitcoin?
I would strongly for refusing for using it and just choosing one reliable and best for me. and it's also no friendly with the tax for every transaction and how many you will make your transaction in a day?
It's very useless in my mind.
Even at the time for waiting your transaction the rate of bitcoin can going down below of the previous exchange site.
full member
Activity: 210
Merit: 100
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
If You want to Maximize Your Profit In Trading Then Follow the Below Steps:-
1) Firstly Choose a Reputable And Legit Trading Site Like Yobit.net Or Poloniex.com
2) Then Choose Some Reputable Coins and Then Check the Supply and Demand and Past Price Fluctuations Of the Coins You Choose.....
3) Then Just Invest Your Money in Them and Wait For Sometime and You Will Get Profits.....
Also I Suggest You that Don't Invest More tham If You Can't Afford To Lose.....
full member
Activity: 252
Merit: 100
I just look for the altcoin that has a wide gap between its "24hr low" and "24hr high" prices.

Sometimes just buying at "24hr low" price and selling at "24hr high" price will give you good weekly profit.
full member
Activity: 214
Merit: 100
i think this situation and condition is change now because we all know that almost altcoin having downtrend because of bitcoin increase the price and many technique will not match with this situation and my suggestion is better we wait and see for a moment and if we think we can make profit even in small amount, then get quick act to buy and sell it, don't think too much to get much profit. as long as you can reach 1% profit, then you are safe.
but i think it is better to invest a small amount instead of waiting for the price to fell down, to me the price cannot fell down too much in next few months  as it is expecting that the price can reach to all time high level, therefore it will not be a good decision to wait for the price decrease.
full member
Activity: 224
Merit: 100
i recommend that trade in bitcoin because recently bitcoin is the most powerful currency and bitcoin price recently is very good to buy bitcoin and i am sure bitcoin will double up its value in coming few years .
full member
Activity: 224
Merit: 100
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
actually to make trading in crypto is a risky work because most of the people usually get losses on crypto trading .
but i will suggest for only bitcoin trading .
as we know the price at different exchange are different so we can transfer our btc into and doller into btc to get profit from one exchange to another .
( be careful use this stretgy when btc rate are at high difference between the two exchange )

The method you are pertaining must be the " Arbitrade Method" wherein you will buy low in the other site then you will sell it in another site where the price is high.

But it is risky because not all trading sites are legit. So if you are going to use that method. Make sure the sites you are trading is a legit one to prevent loosing from trading crypto.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
actually to make trading in crypto is a risky work because most of the people usually get losses on crypto trading .
but i will suggest for only bitcoin trading .
as we know the price at different exchange are different so we can transfer our btc into and doller into btc to get profit from one exchange to another .
( be careful use this stretgy when btc rate are at high difference between the two exchange )
hero member
Activity: 882
Merit: 500
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
i will suggest you only , before buy any altcoin or coin first of all check his posts at bitcointalk.org and secondly check admin's site for that altcoin .
activity of such types of things will results into better prediction wether the coin will remain in future or not , then according to these views you make purchase of altcoin .
hero member
Activity: 1610
Merit: 507
i think this situation and condition is change now because we all know that almost altcoin having downtrend because of bitcoin increase the price and many technique will not match with this situation and my suggestion is better we wait and see for a moment and if we think we can make profit even in small amount, then get quick act to buy and sell it, don't think too much to get much profit. as long as you can reach 1% profit, then you are safe.
hero member
Activity: 1302
Merit: 540
the first thing you should do is to learn why price goes up and down and also learn how to find the best price to buy and then sell at.

this is the most important step and the most common step that most new traders skip and end up gambling with their money in an altcoin market while pumpers become richer and richer while taking their money.
Thats why we better to look for more details before we enter trade industry because the more educated we are the more possibility that we can gain profits knowing fundamentals and make good assessment is really needed to be a successful traders.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
the first thing you should do is to learn why price goes up and down and also learn how to find the best price to buy and then sell at.

this is the most important step and the most common step that most new traders skip and end up gambling with their money in an altcoin market while pumpers become richer and richer while taking their money.
hero member
Activity: 1428
Merit: 506
When trading crypto, you have to learn first, observe the altcoins.
In my point of view, mostly Im buying cheap coins which has a
potential coins. Then Im selling it if I gain a profit. But keep in
mind that don't put all your money in one coins. Its best to
trade with different cryptocurrencies. Thus, trading is also a
risks and youll use decision making when to sell or buy a
new coin.
hero member
Activity: 882
Merit: 500
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
actually trading in crypto is a very tedious task but if we use simple cool stretgy to make trading , then we will get better Profit .
my stretgy is to make trading with many active coins that means altcoin . i ja never tried to make bulk buy of particular coin ,  since i am using this stretgy from 2 week whicj results in 10% profit of my principle .
hero member
Activity: 2520
Merit: 568
Payment Gateway Allows Recurring Payments
I would recommend that don't just trade because you see the price of bitcoin is increasing. You should learn first the basic of trading, gain some knowledge , read articles and speculations for each alt coins that has the potential to become a good asset. And if you think you are ready then just set an amount for your starting trading, maybe 0.01 bitcoin is good enough.
full member
Activity: 336
Merit: 100
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
my main and successful stretgy which is also recommendation for all .
i will recommend for all never invest all of your money in the particular thing . always distribute your money pr btc in the mamy many things and in small investment ( whether you are in online trading or practical life ) .
hero member
Activity: 2954
Merit: 533
Leading Crypto Sports Betting & Casino Platform
Trading in Altcoins is a good step for earning maximum profits.It depends upon which Altcoin you choose.You should see the market strategy of that altcoin, its founder who has invested in it and then only you should invest in it. You must see how long that altcoin has survived in the market.Then only, your investment will be secure.If you invest in a newly introduced altcoin, you have more chances of gaining more profits, but at the same time, you may loose your entire investment also.
Altcoin be alterantif when the price of bitcoin have very stable rates. plus altcoin just need the capital that is not too much to trade. altcoin is a very wise alternative, we can benefit greatly when the pump against the coin.
Waiting about the bitcoin are got their muscle for hit the altcoin into the negative rate or will be decreasing a some of their rate, totally that's the right time for buying any coins, and waiting about bitcoin get their stabilization or no get a pumped and you was be able for selling your altcoins and gain your money.
legendary
Activity: 1204
Merit: 1000
A theory and real action is same important guys.
You need both theory & real action and apply it at same time to get the best result.
Then the next step is to make a steady profit , targetting a goals and coumpound every profit you got to your capital.

You should be super informed what will happen with a coin when trading it.
For example the recent bitcoin price rise we didn't expected so when trading crypto the luck has a high impact.
hero member
Activity: 588
Merit: 500
My recommendation is that you make sure that what you're doing is actually worth your time and effort. Trading is a very unstable job. There are days when you earn a lot but there's a lot of days when you earn nothing at all. If you're impatient, I wouldn't recommend that you even try doing altcoin trading. Just check your status in life and I would definitely recommend you doing work that would surely give you an income instead of doing altcoin trading.
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